All Compliance Week articles in Web Issue – Page 609
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Blog
Why the U.S. must lead the global fight against corruption
As recent enforcement actions in Malaysia and Latin America have shown, the U.S. government must remain the world’s leader in the worldwide fight against the global scourge of corruption. Tom Fox has more.
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Blog
Prosecutors announce latest guilty plea in unprecedented hacking and trading scheme
Almost exactly one year ago, the SEC and Justice Department both filed cases against a large group of hackers and traders who carried out an “unprecedented” insider-trading and hacking scheme. Now prosecutors have announced the latest guilty plea in the case—the fifth so far. Bruce Carton reports.
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Blog
New U.K. PM hints at governance reforms
Theresa May has not minced words over her planned governance reforms as the United Kingdom’s new Prime Minister. She says the country needs deep economic reform, including a review of executive compensation and gender equality in the boardroom. Neil Hodge reports.
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Blog
Monitoring corporate culture
A recent report from the Financial Reporting Council offers guidance to board chairmen on how to promote corporate culture. The report advises boards to align values, exercise steardship, and demonstrate leadership, among other steps. Paul Hodgson provides an in-depth look.
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Blog
Retailer pushes back on Delaware unclaimed property audit
Office Depot is taking on the state of Delaware over its unclaimed property audit tactics, asking the U.S. District Court in Delaware to declare that the state’s unclaimed property law violates federal law and the U.S. Constitution. Tammy Whitehouse reports.
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Blog
The hidden key to a good buyback plan: communication
It’s fashionable to slam stock buyback plans, but does it really have to be that way? Stephen Davis & Jon Lukomnik look into why buybacks are so heavily criticized and what directors need to do to make a better case for them.
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Blog
6 more ‘C’mon, man!’ moments
Regular followers of CW columnist Richard Steinberg will recognize his ‘C’mon, man, moments’—those peculiar business world goofs that leave us all perplexed. From overboarding to outlandish expense reporting, enjoy this latest installment.
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Article
Strength through diversity: Q&A with Maria Castañón Moats
The former chief diversity officer for PwC is now the leader of the firm’s U.S. assurance practice. With her strong background and bright future, what does Maria Castañón Moats have in store? Tammy Whitehouse has the answers.
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Article
Canadian securities regulators disagree on whistleblower incentives
Following the Securities and Exchange Commission’s lead, Canadian securities regulators have launched two very different whistleblower programs—one provides a bounty, the other does not—which creates new legal risks for companies. Jaclyn Jaeger reports.
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Article
Australia brings first criminal cartel prosecution
As Australia gets serious about enforcing its antitrust regulations, multinationals operating in the country are learning the hard way that the line between being considered a monopoly and a criminal cartel is surprisingly thin. Jaclyn Jaeger has more.
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Article
Rise of the machines: how artificial intelligence could revolutionize compliance
It may sound futuristic, but “thinking machines” are poised to revolutionize compliance. Artificial intelligence, proponents say, can take care of grunt work, freeing audit and compliance professionals to focus on matters that befit their skills. Advanced automation, however, says Joe Mont, isn’t without concerns and pitfalls.
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Blog
SEC loses chief of Market Intelligence office
The Securities and Exchange Commission is saying goodbye to its chief of Market Intelligence; Christopher Bub has been appointed as VP and chief accounting officer of ski resort operator Peak Resorts; and Waddell & Reed has a new chief risk officer for investments. Who else is coming and going—see more ...
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ArticleKami Niebank: Rising to the challenge
Kami Niebank is CalPERS’ interim chief compliance officer and guides compliance efforts at the largest public pension fund in the United States. She is also overseeing an ambitious five-year compliance plan that will alternately refine and overhaul the entire compliance regime.
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Blog
Iceland and Ireland both jailed their bankers. Why aren’t others learning by example?
Ireland just sentenced three senior bankers to prison for their role in the 2008-2009 financial crisis. Given how common misbehavior was among senior bankers all over the world in the days before the crisis, why haven’t more been sentenced to jail? Bill Coffin offers an explanation.
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Blog
What states’ suit against VW means for corporate officer liability
New York, Maryland, and Massachusetts are claiming that top managers at VW were either specifically involved in the development and implementation of vehicle defeat devices, or knew of the issues that led to their creation. What does this mean for VW’s future—and, for that matter, what does it mean for ...
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Blog
Audit quality improves as a result of oversight and regulation
Revised EU audit rules have formalized the Financial Reporting Council's role as the United Kingdom’s competent authority for audit. This and more developments have created a regulatory regime that is actually improving audit quality across the board. Paul Hodgson has more.
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Blog
Tripwire announces Tripwire Configuration Compliance Manager Express
Tripwire, a provider of endpoint detection and response, security and compliance solutions, announced a new version of Tripwire Configuration Compliance Manager (CCM): Tripwire CCM Express is designed to simplify compliance audits for mid-sized organizations and stand alone divisions of larger organizations.
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Blog
Deloitte Center for Regulatory Strategies names independent senior advisor
The former head of the statistics function and senior advisor to the director of research at the Federal Reserve Bank of New York, Kenneth Lamar, was recently named an independent senior advisor to the Deloitte Center for Regulatory Strategies. He will advise financial institutions—largely banks—on regulatory reporting, data infrastructure, and ...
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Blog
NICE Actimize launches authentication-IQ solution
NICE Actimize, a NICE business and a provider of financial crime, risk, and compliance software platform for the financial services industry, announced the launch of Authentication-IQ, a solution that manages multiple authentication methods across financial institution channels with a unified strategy, enhancing both security and customer experience while improving cost ...